Maynard Cooper's Public Finance group operates at the crossroads of government, business, and finance. All members of the Public Finance group are members of the National Association of Bond Lawyers (“NABL”). Maynard Cooper is listed in all professional directories as nationally recognized bond counsel.
Clients seek guidance from Maynard Cooper's Public Finance group in order to finance and build schools, courthouses, parks, community centers and recreation facilities, hospitals and nursing homes, single family and multi-family housing, jails, wastewater and solid waste facilities, utilities, and other governmental and nonprofit facilities. Maynard Cooper is also a leading expert on the use of tax-exempt bonds, including Gulf Opportunity Zone bonds, to finance qualified private activity projects. Maynard Cooper has served in a wide variety of roles in public financings throughout Alabama and the Southeast:
The firm has served as bond counsel for hundreds of financings involving the State of Alabama and numerous state entities, cities, counties, utility boards, boards of education, hospital boards, health care authorities, institutions of higher learning, industrial development boards and other public authorities.
The firm has served as underwriter's counsel for virtually every investment banking firm doing business in Alabama and in numerous other states as well. In that role, Maynard Cooper assists the underwriter with its due diligence responsibilities, and frequently provides structuring assistance based on the group's breadth of experience.
Special Disclosure Counsel
The firm has served as special disclosure counsel to numerous issuers. In that role, Maynard Cooper assists issuers with preparation of disclosure documents in securities offerings, with understanding their responsibilities under the federal and state securities laws, and with implementation of disclosure compliance policies and procedures.
The firm assists clients in navigating post-issuance tax and securities issues, such as determining permitted uses of bond proceeds, arbitrage and rebate compliance, and continuing disclosure.
In addition, Maynard Cooper has represented issuers, trustees, credit enhancers, and financial advisors in various public financings. The Public Finance group collaborates with other practice areas to provide assistance with bond workouts and bankruptcies, state and local economic development incentives, and tax and securities law compliance. The firm has extensive knowledge and experience in fixed-rate financings, variable-rate financings, lower floater financings, various types of credit enhancement, pool financings, escrow restructurings, arbitrage rebate calculations and the use of derivative products such as interest rate swaps. Maynard Cooper is especially proud of its reputation in the public finance field for prompt and efficient service, responsiveness to client concerns and meticulous attention to detail. A willingness to work hard and think creatively has been a hallmark of the Public Finance group since its inception.